Fairbury Chamber Of Commerce
- Assets
- $112.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairbury, IL
- Founding
- 12/1984
- Data as of
- 12/2022
- EIN
- 37-0894791
Organization Overview
Fairbury Chamber Of Commerce is located in Fairbury, IL. The organization was established in 1984. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairbury Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Fairbury Chamber Of Commerce generated $41.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $26.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE BUSINESS RELATIONSHIPS AMONG MEMBERS AND THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebekah Fehr Secretary | 20 | $18,642 | |
Katie Wyllie Treasurer | 4 | $0 | |
Tanner Ifft Director | 2 | $0 | |
Erin Roth Treasurer | 2 | $0 | |
Seth Welch Director | 2 | $0 | |
Danny Schahrer Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $17,714 |
| Membership dues | $22,157 |
| Investment income | $150 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,748 |
| Other Revenue | $0 |
| Total Revenue | $41,769 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,642 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,000 |
| Printing, publications, postage, and shipping | $592 |
| Other expenses | $6,386 |
| Total expenses | $26,620 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,312 |
| Other assets | $0 |
| Total assets | $112,312 |
| Total liabilities | $0 |
| Net assets or fund balances | $112,312 |